The PrivatFonds structure gives Union Investment the room to invest directly in
markets, not just via funds, its multi-asset team leader explains.
DWS Investment’s Klaus Kaldemorgen was among fund managers awarded last night, named fund industry personality of 2011, as allocator Sauren selected Europe’s best managers for its annual ceremony in Frankfurt.
Deutsche Asset Management has hired Jack Loudoun from Invesco Asset Management, to join its London-based portfolio management team for fixed income, at a time of high demand, volatility and uncertainty for the asset class.
Even if some investors might baulk at the thought of buying securities right now of some European banks, they remain apparently enthusiastic to gain investment exposure to their properties.
European asset managers have typically promoted equity income funds since the global financial crisis as a safer, ‘cushioned’ way for nervous investors to get exposure to sharemarkets in a climate of macroeconomic shocks.
Mirae Asset Global Investment is considering launching a renminbi bond fund, using its local expertise to tap China’s growing domestic bond market, at a time local currency debt products in emerging markets weather a storm of withdrawals from fixed income products generally.
BlackRock is strengthening its senior management’s experience in European fixed income, the most troubled but most important asset class for many clients, by appointing bond specialist Michael Krautzberger chief investment officer of its German unit.
DWS Investments has an energy efficiency investment product in the pipeline, to add to a wide range of existing products linked to climate and energy issues.
Pictet Asset Management has hired Avo Ora from Putnam Investments to boost its emerging markets team focused on Asia excluding Japan.
“Klaus Kaldemorgen is the incarnation of a fund manager. He knows what is driving the markets, and is also one of the most influential shareholder activists in corporate Germany.” So says Thomas Richter, managing director at BVI Bundesverband Investment und Asset Management, about his former DWS Investments colleague.
Edmond de Rothschild Asset Management has opened an office in Frankfurt am Main and announced a major recruitment from local rival DWS Investments to be based there.